Not only is Balrog powerful but he's no sloutch in the speed department. I know that the Udon comic aint canon but he beat the shit outta Ryu in that one comic, he didn't win though.
Steve can sting him with his cool punches and combinations, avoid all his moves (notice how well he avoids hwoarang's kicks and the other boxer's punches with relaxed ease) and put his lights out as well with his own punches which are strong in their own right (his T5 ending for instance).
~Sado
Well well well, We have boxer amongst us. My fellow martial artist, Balrog is gonna kick his ass still he is more than capable of dodging and evading attacks. He is a boxer ya know.
Martial artist? Balrog has no real training, I believe. Sado hit it right on the mark, to the point where I already admire him. Everyones overlooking Steves counter abilities.